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Fincash » Mutual Funds » IDFC Tax Advantage ELSS Fund

IDFC Tax Advantage (ELSS) Fund - G

NAV  ₹135.241 ↑ 0.42  (0.31 %) as on 18 Mar 24

Scheme Objective

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR return of 18.7% since its launch.  Ranked 3 in ELSS category.  Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

NAV as on 18 Mar 24₹135.241 ↑ 0.42  (0.31 %)
Net Assets (AUM) as on 31 Jan 2024 ₹5,976 Cr.
Launch Date26 Dec 2008
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCIDFC Asset Management Company Limited
Alpha Ratio4.52
Expense Ratio1.95 %
Sharpe Ratio2.228
Information Ratio0.82
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 24

DurationReturns
1 Month -0.6%
3 Month 5%
6 Month 11.4%
1 Year 38.6%
3 Year 22.5%
5 Year 19.4%
10 Year
15 Year
Since launch 18.7%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 28.3%
2022 4.2%
2021 49.2%
2020 18.7%
2019 1.9%
2018 -9.4%
2017 53.4%
2016 0.4%
2015 6.9%

Growth of 10k Over Years

DateValue
28 Feb 19₹10,000
29 Feb 20₹10,153
28 Feb 21₹14,343
28 Feb 22₹17,974
28 Feb 23₹18,911
29 Feb 24₹26,388
IDFC Tax Advantage (ELSS) Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash5.28%
Equity94.72%
IDFC Tax Advantage (ELSS) Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services26.81%
Consumer Cyclical13.01%
Industrials11.04%
Technology9.13%
Basic Materials8.29%
Consumer Defensive7.89%
Health Care6.89%
Energy5.25%
Communication Services3.09%
Utility2.65%
Real Estate0.67%
IDFC Tax Advantage (ELSS) Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
Banks - Regional6%₹358 Cr3,400,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
Banks - Regional5%₹330 Cr2,350,000
↑ 150,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
Oil & Gas Refining & Marketing5%₹321 Cr1,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 532215
Banks - Regional4%₹237 Cr2,200,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
Information Technology Services4%₹234 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
Banks - Regional3%₹180 Cr2,400,000
↑ 100,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
Telecom Services2%₹143 Cr1,275,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
Auto Manufacturers2%₹143 Cr1,500,000
↓ -300,000
NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 532555
Utilities - Regulated Electric2%₹134 Cr4,000,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS
Information Technology Services2%₹132 Cr321,877
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Fund Managers

NameSinceTenure
Daylynn Pinto20 Oct 167.37 Yr.
Ritika Behera7 Oct 230.4 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

Computer Age Management Services Ltd
AddressNew No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam
FAX91-44-28283610
Emailenq_L@camsonline.com

Administrator Companies

CompanyAddress
Bandhan Asset Management Company LimitedBandhan Asset Management Company Limited,6th Floor, 841, One World Center,Jupiter Mill, Senapati Bapat Marg, Elphinstone Road (West), Mumbai

Auditors

CompanyAddress
Deloitte Haskins & Sells LLP12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate,,Worli

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
IDFC Tax Advantage (ELSS) Fund
Growth
₹135.241
↑ 0.42
11.44 %38.57 %22.47 %19.4 %
IDFC Tax Advantage (ELSS) Fund
Normal Dividend, Payout
₹33.752
↑ 0.10
11.44 %31.02 %20.05 %17.89 %
Data as on 18 Mar 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.